The Conversation (0)
Mar. 28, 2012 08:54AM PST
Continental Gold Limited(TSX:CNL) announced that it is employing M3 Engineering and NCL Ingenieria y Construcccion Ltd to carry out a preliminary economic assessment. The PEA on the company’s Buriticá Project is expected to be ready by Q4, 2012. Continental are hoping to have an updated NI 43-101 by Q3. The company also announced the addition of three new members to its team.
As quoted in the press release:
The PEA will determine the mining and processing parameters and establishing, within limits, the associated capital expenditures and operating costs. The PEA will be based on an updated NI 43-101 compliant resource estimate that the Company expects will be completed in the third quarter of 2012. The Company intends to complete the PEA during the fourth quarter of 2012.
Continental, CEO, Ari Sussman, commented:
The commencement of the PEA and the additions of such high calibre individuals to our senior mine-building team keeps Continental on track to achieve commercial production at Buriticá in 2015.
Click here to read the Continental Gold Limited (TSX:CNL) press release
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